10-Q Filing

INTERNATIONAL FLAVORS & FRAGRANCES INC CIK: 51253 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000051253-21-000025`
Period End Date	20210331
Filing Date	20210510
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	iff-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 50 Cash Flow Statement 72 Stockholders Equity 46

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Trade receivables allowances	`AllowanceForDoubtfulAccountsReceivable`	$21.00M	USD	Point-in-time
Trade receivables allowances	`AllowanceForDoubtfulAccountsReceivable`	$40.00M	USD	Point-in-time
Common stock, par value, in dollars per share	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Common stock, par value, in dollars per share	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$650.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$607.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$433.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$872.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$7.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$10.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$17.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	270.27M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$7.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	248.86M	shares	Point-in-time
Trade receivables (net of allowances of $40 and $21, respectively)	`ReceivablesNetCurrent`	$2.02B	USD	Point-in-time
Trade receivables (net of allowances of $40 and $21, respectively)	`ReceivablesNetCurrent`	$929.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	106.94M	shares	Point-in-time
Treasury stock, shares at cost	`SharesOutstanding`	21.41M	shares	Point-in-time
Treasury stock, shares at cost	`SharesOutstanding`	21.59M	shares	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$566.00M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$780.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$325.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$38.00M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$1.48B	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$528.00M	USD	Point-in-time
Total Inventories	`InventoryNet`	$2.59B	USD	Point-in-time
Total Inventories	`InventoryNet`	$1.13B	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$342.00M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$683.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.06B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.17B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$6.09B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.93B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.50B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.47B	USD	Point-in-time
Total Property Plant and Equipment	`PropertyPlantAndEquipmentNet`	$4.59B	USD	Point-in-time
Total Property Plant and Equipment	`PropertyPlantAndEquipmentNet`	$1.46B	USD	Point-in-time
Goodwill	`Goodwill`	$5.59B	USD	Point-in-time
Goodwill	`Goodwill`	$17.10B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$11.65B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.73B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$803.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$299.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$497.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$418.00M	USD	Point-in-time
Total Assets	`Assets`	$13.55B	USD	Point-in-time
Total Assets	`Assets`	$40.82B	USD	Point-in-time
Bank borrowings, overdrafts, and current portion of long-term debt	`DebtCurrent`	$634.00M	USD	Point-in-time
Bank borrowings, overdrafts, and current portion of long-term debt	`DebtCurrent`	$628.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$556.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.34B	USD	Point-in-time
Accrued payroll and bonus	`EmployeeRelatedLiabilitiesCurrent`	$133.00M	USD	Point-in-time
Accrued payroll and bonus	`EmployeeRelatedLiabilitiesCurrent`	$222.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$192.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$82.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$882.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$499.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.26B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.90B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$11.33B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.78B	USD	Point-in-time
Retirement liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$550.00M	USD	Point-in-time
Retirement liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$326.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$593.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.73B	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	$265.00M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	$697.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$268.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$469.00M	USD	Point-in-time
Total Other Liabilities	`LiabilitiesNoncurrent`	$5.23B	USD	Point-in-time
Total Other Liabilities	`LiabilitiesNoncurrent`	$15.77B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$102.00M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$98.00M	USD	Point-in-time
Common stock 12 1/2 par value; 500,000,000 shares authorized; 270,266,598 shares issued as of March 31, 2021 and 128,526,137 shares issued as of December 31, 2020; and 248,859,641 and 106,937,990 shares outstanding as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$34.00M	USD	Point-in-time
Common stock 12 1/2 par value; 500,000,000 shares authorized; 270,266,598 shares issued as of March 31, 2021 and 128,526,137 shares issued as of December 31, 2020; and 248,859,641 and 106,937,990 shares outstanding as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$16.00M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$3.85B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$19.80B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.16B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.92B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.10B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-698.00M	USD	Point-in-time
Treasury stock, at cost (21,406,957 and 21,588,147 shares as of March 31, 2021 and December 31, 2020, respectively)	`TreasuryStockValue`	$1.02B	USD	Point-in-time
Treasury stock, at cost (21,406,957 and 21,588,147 shares as of March 31, 2021 and December 31, 2020, respectively)	`TreasuryStockValue`	$1.01B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$21.64B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$6.31B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$39.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$12.00M	USD	Point-in-time
Total Shareholders Equity including Noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.68B	USD	Point-in-time
Total Shareholders Equity including Noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.32B	USD	Point-in-time
Total Shareholders Equity including Noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.23B	USD	Point-in-time
Total Shareholders Equity including Noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.84B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$40.82B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$13.55B	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.35B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.46B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.71B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$781.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$566.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$754.00M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$86.00M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$143.00M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$230.00M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$451.00M	USD	1 Quarter
Amortization of acquisition-related intangibles	`AmortizationOfIntangibleAssets`	$152.00M	USD	1 Quarter
Amortization of acquisition-related intangibles	`AmortizationOfIntangibleAssets`	$48.00M	USD	1 Quarter
Restructuring and other charges, net	`RestructuringCharges`	$5.00M	USD	1 Quarter
Restructuring and other charges, net	`RestructuringCharges`	$4.00M	USD	1 Quarter
Losses on sales of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Losses on sales of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$196.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$4.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$32.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$65.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$7.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-11.00M	USD	1 Quarter
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-54.00M	USD	1 Quarter
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$153.00M	USD	1 Quarter
Taxes on (loss) income	`IncomeTaxExpenseBenefit`	$26.00M	USD	1 Quarter
Taxes on (loss) income	`IncomeTaxExpenseBenefit`	$-14.00M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$127.00M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-40.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.00M	USD	1 Quarter
Net (loss) income attributable to IFF stockholders	`NetIncomeLoss`	$124.00M	USD	1 Quarter
Net (loss) income attributable to IFF stockholders	`NetIncomeLoss`	$-42.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-417.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-452.00M	USD	1 Quarter
Gains on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$4.00M	USD	1 Quarter
Gains on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.00M	USD	1 Quarter
Pension and postretirement net liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-4.00M	USD	1 Quarter
Pension and postretirement net liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-9.00M	USD	1 Quarter
Net current period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-447.00M	USD	1 Quarter
Net current period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-404.00M	USD	1 Quarter
Comprehensive loss attributable to IFF stockholders	`ComprehensiveIncomeNetOfTax`	$-323.00M	USD	1 Quarter
Comprehensive loss attributable to IFF stockholders	`ComprehensiveIncomeNetOfTax`	$-446.00M	USD	1 Quarter
Net income per share - basic (in dollars per share)	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Net income per share - basic (in dollars per share)	`EarningsPerShareBasic`	$1.16	USD	1 Quarter
Net income per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Net income per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.15	USD	1 Quarter
Average number of shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	206.00M	shares	1 Quarter
Average number of shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	112.00M	shares	1 Quarter
Average number of shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	113.00M	shares	1 Quarter
Average number of shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	206.00M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$127.00M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-40.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$81.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$242.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-86.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.00M	USD	1 Quarter
Losses on sale of assets	`GainLossOnDispositionOfAssets`	$-1.00M	USD	1 Quarter
Losses on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$11.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$9.00M	USD	1 Quarter
Pension contributions	`PensionContributions`	$5.00M	USD	1 Quarter
Pension contributions	`PensionContributions`	$9.00M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$133.00M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$175.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-118.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-32.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$250.00M	USD	1 Quarter
Accruals for incentive compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-19.00M	USD	1 Quarter
Accruals for incentive compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-22.00M	USD	1 Quarter
Other current payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-65.00M	USD	1 Quarter
Other current payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$48.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-42.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-229.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-208.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$10.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$358.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.00M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.00M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.00M	USD	1 Quarter
Proceeds from life insurance contracts	`ProceedsFromTerminationOfLifeInsuranceContracts`	-	USD	1 Quarter
Proceeds from life insurance contracts	`ProceedsFromTerminationOfLifeInsuranceContracts`	$2.00M	USD	1 Quarter
Proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$4.00M	USD	1 Quarter
Proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$1.00M	USD	1 Quarter
Cash acquired	`CashAcquiredFromAcquisition`	$207.00M	USD	1 Quarter
Cash acquired	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.00M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$115.00M	USD	1 Quarter
Cash dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$82.00M	USD	1 Quarter
Cash dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$80.00M	USD	1 Quarter
Decrease in revolving credit facility and short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	1 Quarter
Decrease in revolving credit facility and short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-104.00M	USD	1 Quarter
Repayments on debt	`RepaymentsOfLongTermDebt`	$12.00M	USD	1 Quarter
Repayments on debt	`RepaymentsOfLongTermDebt`	$12.00M	USD	1 Quarter
Contingent consideration paid	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$14.00M	USD	1 Quarter
Contingent consideration paid	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	1 Quarter
Purchases of redeemable noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$14.00M	USD	1 Quarter
Purchases of redeemable noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Proceeds from issuance of stock in connection with stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	1 Quarter
Proceeds from issuance of stock in connection with stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.00M	USD	1 Quarter
Employee withholding taxes paid	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-1.00M	USD	1 Quarter
Employee withholding taxes paid	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-6.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-107.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-215.00M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-43.00M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-37.00M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$221.00M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-176.00M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$660.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$881.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$448.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$624.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$660.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$881.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$448.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$624.00M	USD	Point-in-time
Interest paid, net of amounts capitalized	`InterestPaidNet`	$42.00M	USD	1 Quarter
Interest paid, net of amounts capitalized	`InterestPaidNet`	$42.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$36.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$33.00M	USD	1 Quarter
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$21.00M	USD	1 Quarter
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$19.00M	USD	1 Quarter

Stockholders Equity 46 line items

Line Item	Tag	Value	Unit	Period
Tax effect of gain (losses) on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	-	USD	1 Quarter
Tax effect of gain (losses) on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$-1.00M	USD	1 Quarter
Tax effect of pension liability and postretirement adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.00M	USD	1 Quarter
Tax effect of pension liability and postretirement adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$1.00M	USD	1 Quarter
Cash dividends declared, per share	`CommonStockDividendsPerShareDeclared`	$0.77	USD	1 Quarter
Cash dividends declared, per share	`CommonStockDividendsPerShareDeclared`	$0.75	USD	1 Quarter
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.68B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.32B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.23B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.84B	USD	Point-in-time
Beginning Balance, shares	`SharesOutstanding`	21.41M	shares	Point-in-time
Beginning Balance, shares	`SharesOutstanding`	21.59M	shares	Point-in-time
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-41.00M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$125.00M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-417.00M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-452.00M	USD	1 Quarter
Gains (losses) on derivatives qualifying as hedges; net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$4.00M	USD	1 Quarter
Gains (losses) on derivatives qualifying as hedges; net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.00M	USD	1 Quarter
Pension liability and postretirement adjustment; net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-4.00M	USD	1 Quarter
Pension liability and postretirement adjustment; net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-9.00M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$80.00M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$192.00M	USD	1 Quarter
Stock options/SSARs	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.00M	USD	1 Quarter
Stock options/SSARs	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Vested restricted stock units and awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-1.00M	USD	1 Quarter
Vested restricted stock units and awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$11.00M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$9.00M	USD	1 Quarter
Impact of N&B Merger	`StockIssuedDuringPeriodValueAcquisitions`	$15.98B	USD	1 Quarter
Impact of N&B Merger (in shares)	`StockIssuedDuringPeriodSharesAcquisitions`	141.74M	shares	1 Quarter
Redeemable NCI	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-6.00M	USD	1 Quarter
Redeemable NCI	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$1.00M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.68B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.32B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.23B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.84B	USD	Point-in-time
Ending Balance, shares	`SharesOutstanding`	21.41M	shares	Point-in-time
Ending Balance, shares	`SharesOutstanding`	21.59M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	270.27M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.59M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.74M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.71M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.41M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.